This program was held in partnership with the Asian Consulting Group (ACG)’s Tax Whiz Academy. As a social enterprise, ACG supports the promotion of tax education as well.
The Founding President of ACG led a seminar on the second package of the ongoing tax reform initiative. As of the seminar, the Tax Reform for Attracting Better and High-quality Opportunities (TRABAHO) Bill remains on hold. Nevertheless, the business owners of Vigan remained eager to learn about it just as well.
TRABAHO Bill aims to lower the corporate income tax and rationalize fiscal incentives.
Further, the Philippine Tax Whiz discussed the recently-approved tax amnesty program. Most of the participants appreciated the discussion as it would allow them to prepare for the upcoming amnesty. Among the coverage of the tax amnesty program is an Estate Tax Amnesty, a General Tax Amnesty, and a Tax Amnesty on Delinquencies.
The audience was very participative and was quite active in asking questions. The Philippine Tax Whiz thereafter conducted a free tax consultation to answer the specific concerns of the attendees.
Afterward, the tax expert conducted an Executive Tax Briefing for business owners. The main point of discussion revolved around the BIR audit and how to prepare for it.
The Asian Consulting Group also holds regular tax seminars at the Tax Hub. Last Friday, the Asian Consulting Group held a free tax seminar on Year-End Compliance and the BIR Audit. ACG also holds Executive Tax Briefings and Exclusive Tax Coaching by appointment for more specific concerns.